SAULT STE. MARIE, ON, April 20 /CNW/ - Essar Steel Algoma Inc. (ESAI)
announced today that it has reached an agreement with its iron ore
pellet supplier, Cliffs Natural Resources Inc. The agreement includes
the volume, supply and price of 2011 pellets as well as the acceptance
of the previously announced arbitration decision.
A member of the Essar Group, Essar Steel Algoma Inc. is based in Sault
Ste. Marie, Ontario. As a fully integrated steel producer, the Company
derives its revenues primarily from the manufacture and sale of hot and
cold rolled steel products including sheet and plate.
SOURCE Essar Steel Algoma Inc.
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Manager Corporate Communications